Spot Bitcoin ETFs Surges With Massive Inflows, Will This Trigger A Price Spike?

Each institutional and retail investors of the Spot Bitcoin Exchange-Traded Funds (ETFs) are starting to bet big on BTC because the products have witnessed a notable surge in inflows, implying that investors are highly interested and assured within the potential of the digital asset in the long run.

A Substantial Inflows Into Spot Bitcoin ETFs

In keeping with data from London-based investment management company Farside Investors shared by Micheal Van De Poppe, a crypto expert and Chief Information Officer (CIO) of MN Consultancy, the spot Bitcoin ETFs have increased drastically prior to now day.

On Monday, Van De Poppe identified that the exchange funds experienced a whopping $202 million in net positive inflows. This can be a significant increase in net inflows in comparison with last Monday’s inflows value $62.1 million, indicating rising adoption of the products amongst investors every day.

The online inflows recorded just yesterday is sort of 50% of the general net inflows witnessed through the whole trading days of last week, valued at about $500 million.

Should the spot Bitcoin ETFs proceed to draw significant inflows like this, Van De Poppe claims it’s a critical sign of strength, possibly resulting in a rise in the worth of the most important cryptocurrency asset. Given the impact of the products on prices and the renewed investors’ interest, the market expert is confident that Bitcoin could hit a recent all-time high before September closes.

spot BTC ETFs see significant every day inflows | Source: Michael Van De Poppe on X

It’s value noting that BlackRock‘s unparalleled iShares Bitcoin Trust (IBIT) solely makes up for the surge in inflows. The platform’s IBIT fund attracted over $224 million value of every day inflows, marking its highest inflow within the last 35 days, specifically on July 22, when it saw about $526 million in capital.

Prior to now day, other investment management corporations’ funds like Franklin BTC ETF (EZBC) and WisdomTree BTC Fund (BTCW) attracted positive inflows of $5.5 million and $5.1 million, respectively. Meanwhile, Bitwise BTC ETF (BITB), Fidelity Sensible Origin Bitcoin Fund (FBTC), and VanEck BTC ETF (HODL) recorded substantial every day outflows of $16.6 million, $8.3 million, and $7.2 million.

Lastly, Grayscale‘s BTC ETF (GBTC), Invesco Galaxy Bitcoin ETF (BTCO), and Coinshares Valkyrie Bitcoin Fund ETF (BRRR) registered zero every day inflows.

BTC’s Recent Price Performance

This influx of capital within the spot Bitcoin ETFs comes on the heels of a recent price decline, with BTC falling from about $65,000 to $62,720. The event indicates that institutional and individual investors are leveraging on the worth decline to spice up their exposure to the digital asset.

With the products attracting significant inflows, there is theory that BTC might begin to rise again in the approaching days. BTC’s trading volume has grown by over 44% within the last day, with its price at $62,818.